IFRS vs. US GAAP

 Why Should You Attend:

When International Financial Reporting Standards (IFRS) come into effect January 1, 2015, public companies will have to change how they present their financial statements from GAAP to IFRS.

IFRS requires that the accountant be able to understand and explain the differences between IFRS and US GAAP.

This hands-on workshop will provide you with some easy-to-follow guidelines that will help you in complying with these new demands.

Effective January 1, 2015, accountants working for US companies will be expected to continue to prepare US GAAP statements, but in addition will have to prepare IFRS financial statements to meet IFRS requirements, along with a reconciling financial statement which bridges the gap between the two.

Areas Covered in the Seminar:

• Brief IFRS overview.
• Comparative treatment differences checklist.
• Revenue recognition.
• Business combinations and consolidated financial statements.
• Current liabilities, Segment reporting, Related party disclosures.
• Provisions and contingencies, Stockholders’ Equity.
• Events after the balance sheet date, financial instruments, Leases, Income taxes.
• Disclosures, Financial Statement presentation.
• Questions & Answers.

Who Will Benefit:
The following individuals or disciplines will benefit from attending this Webinar:

• Senior executives of Publicly Accountable Enterprises
• Finance, Accounting Unit Vice Presidents, Directors and Managers
• Business and Operations Unit Vice Presidents, Directors and Managers
• Internal auditors
• Regulatory and Compliance Management
• Consultants
• External Auditors

Instructor Profile:
Mike Morley, is a Certified Public Accountant who holds the top credit designations in the U.S., Canada, and the U.K. Mike is a recognized authority in the field of finance with more than 25 years experience.

An entertaining and informative speaker and trainer, Mike is the author of:

• “IFRS Simplified”, which provides a jump start for accountants and finance executives who want to quickly and easily get up to date on IFRS.
• “Sarbanes-Oxley Simplified,” which is an easy-to-read explanation of the requirements of the U.S. legislation that makes CEO's & CFO's personally responsible for the accuracy of their company's financial statements.
• “Financial Statement Analysis Simplified” which translates the accounting language of financial statements into clear, easy-to-understand terms that anyone who needs to make well-informed financial decisions quickly will appreciate.

Duration: 76 Minutes

OnDemand Access

One Person - Unlimited viewing for 6 Months  (For multiple licenses contact Customer Care) Recorded Link and Ref. material will be available